bad news for bASIC - not shipping til mid Jan at best

[SAC]

about their orders and their information being in the hands of a company which isn't based in the US.

Welcome to the club the rest of the world is not to thrilled with their data being co-opted into US hands.

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[Clearfly]

Asian benefactors lol, is anyone else thinking Avalon bought him out?

[creativex]

Asian benefactors lol, is anyone else thinking Avalon bought him out?

Did Avalon just buy bASIC?

No.

[Bogart]

I'm thinking ASICMINER.

Sure, they have their own chips, but it will take over 200 of their chips to make a 72Gh/s device, but only 16 bASIC chips.

Plus if they haven't pulled the trigger on a full wafer maskset yet for high volume production of their own 130nm design, they could just save all that cost and instead buy the half finished 90nm bASIC chips, assuming they trust them to work.

Tom mentioned much earlier reaching an agreement to supply chips to a competitor.  I think these are the same ppl who are now acquiring bASIC.

[Phinnaeus Gage]

I would be very disappointed if we later learn that all the ASIC developers are in cohorts.

Really?  I'd think you'd be delighted.

BTW, it's 'cahoots'.

Thanks, Bogart. I even Googled it to make sure I spelled it correctly. Note to self: Next time check the definition.

Actual word-of-the-day today: http://dictionary.reference.com/browse/pseudology?s=t

Is benefactor the correct term? http://thesaurus.com/browse/benefactor?s=t

[Clearfly]

I'm thinking ASICMINER.

Sure, they have their own chips, but it will take over 200 of their chips to make a 72Gh/s device, but only 16 bASIC chips.

Plus if they haven't pulled the trigger on a full wafer maskset yet for high volume production of their own 130nm design, they could just save all that cost and instead buy the half finished 90nm bASIC chips, assuming they trust them to work.

Tom mentioned much earlier reaching an agreement to supply chips to a competitor.  I think these are the same ppl who are now acquiring bASIC.

Seems to make sense, and possibly why Tom's offering a hosting/investment solution instead.

[crazyates]

I'm thinking ASICMINER.

Sure, they have their own chips, but it will take over 200 of their chips to make a 72Gh/s device, but only 16 bASIC chips.

Plus if they haven't pulled the trigger on a full wafer maskset yet for high volume production of their own 130nm design, they could just save all that cost and instead buy the half finished 90nm bASIC chips, assuming they trust them to work.

Tom mentioned much earlier reaching an agreement to supply chips to a competitor.  I think these are the same ppl who are now acquiring bASIC.

Seems to make sense, and possibly why Tom's offering a hosting/investment solution instead.

I thought Tom's hosting solution was located here in the United States? Why would an ASIAN company ship their product to USA just for hosting?

[repentance]

I'm thinking ASICMINER.

Sure, they have their own chips, but it will take over 200 of their chips to make a 72Gh/s device, but only 16 bASIC chips.

Plus if they haven't pulled the trigger on a full wafer maskset yet for high volume production of their own 130nm design, they could just save all that cost and instead buy the half finished 90nm bASIC chips, assuming they trust them to work.

Tom mentioned much earlier reaching an agreement to supply chips to a competitor.  I think these are the same ppl who are now acquiring bASIC.

Nobody seems to know whether there even are any half finished 90 nm bASIC chips.  Taking over bASIC would be a massive risk right now as a lot of people are wanting refunds on their pre-orders and it will likely require an injection of more capital to finish development of the bASIC units.  Whoever takes over isn't even guaranteed those first batch sales because they can't predict how many people will cancel their orders.

[Phinnaeus Gage]

I'm thinking ASICMINER.

Sure, they have their own chips, but it will take over 200 of their chips to make a 72Gh/s device, but only 16 bASIC chips.

Plus if they haven't pulled the trigger on a full wafer maskset yet for high volume production of their own 130nm design, they could just save all that cost and instead buy the half finished 90nm bASIC chips, assuming they trust them to work.

Tom mentioned much earlier reaching an agreement to supply chips to a competitor.  I think these are the same ppl who are now acquiring bASIC.

Nobody seems to know whether there even are any half finished 90 nm bASIC chips.  Taking over bASIC would be a massive risk right now as a lot of people are wanting refunds on their pre-orders and it will likely require an injection of more capital to finish development of the bASIC units.

I'm goin' to go out on a limb here and echo what somebody else already stated, albeit with a Phinn twist. Tom woke with a hangover, looked in the mirror, saw squinted eyes, and said to himself, "Damn! I look Asian." Then went and penned the epic "Asian Benefactor" post. Then went back to bed. Then...

[Unacceptable]

Tom just sold bAsic

... to "an asian company".

Um ... which one? I guess there's more than one company in this Asia

Do not worry. These ASIAN benefactors will not let anyone down.



EDIT: No seriously. This is hilarious.


ASIAN benefactors.

She'll whip those naughty ASIC's into shape  

[Phinnaeus Gage]

Tom just sold bAsic

... to "an asian company".

Um ... which one? I guess there's more than one company in this Asia

Do not worry. These ASIAN benefactors will not let anyone down.



EDIT: No seriously. This is hilarious.


ASIAN benefactors.

She'll whip those naughty ASIC's into shape  

[Bogart]

I'm thinking ASICMINER.

Sure, they have their own chips, but it will take over 200 of their chips to make a 72Gh/s device, but only 16 bASIC chips.

Plus if they haven't pulled the trigger on a full wafer maskset yet for high volume production of their own 130nm design, they could just save all that cost and instead buy the half finished 90nm bASIC chips, assuming they trust them to work.

Tom mentioned much earlier reaching an agreement to supply chips to a competitor.  I think these are the same ppl who are now acquiring bASIC.

Nobody seems to know whether there even are any half finished 90 nm bASIC chips.

We don't know, but maybe they do.

Taking over bASIC would be a massive risk right now as a lot of people are wanting refunds on their pre-orders and it will likely require an injection of more capital to finish development of the bASIC units.  Whoever takes over isn't even guaranteed those first batch sales because they can't predict how many people will cancel their orders.

In the short term, yes.

However, for an entity with the financial wherewithal to ride out all the cancelations, if they can manage to complete development of the product and ship even a small handful of orders, once that happens, securing a massive flood of orders will not be a problem IMO.

The real risk is in whether the chips work, if they have even been produced.

[Bogart]

I don't get it.  Is the quote from a movie or something?

No, it's funny because Tom appears to have been emphasising the fact that the new "benefactors" are ASIAN in order to reassure people that they will be able to ensure that the bASICs will actually get built and shipped in March.

Oh, yeah that is pretty funny.   

[RHA]

However, for an entity with the financial wherewithal to ride out all the cancelations, if they can manage to complete development of the product and ship even a small handful of orders, once that happens, securing a massive flood of orders will not be a problem IMO.

If they can manage to complete development of the product, they can set all unsold devices to mine for them, earning even more than selling them.

[Bogart]

However, for an entity with the financial wherewithal to ride out all the cancelations, if they can manage to complete development of the product and ship even a small handful of orders, once that happens, securing a massive flood of orders will not be a problem IMO.

If they can manage to complete development of the product, they can set all unsold devices to mine for them, earning even more than selling them.

I disagree.  I think there's more money to be made in selling the devices, by far.

[jamesg]

I disagree.  I think there's more money to be made in selling the devices, by far.

+1

[makomk]

You know, I swear there was a comment here pointing out the lockdown at the BTCFPGA forums and suggesting people should arrange credit-card chargebacks where possible, and then when I refereshed the page it just... vanished.

[miter_myles]

You know, I swear there was a comment here pointing out the lockdown at the BTCFPGA forums and suggesting people should arrange credit-card chargebacks where possible, and then when I refereshed the page it just... vanished.

Yeah - it was mine, I removed it and put it on the more "current" bASIC thread.. trying to keep things all in one place.. seems like two threads are covering one topic

At least one post of mine was removed from the bASIC forum since I wasn't agreeing with Tom's "please stay with us plea"... yet another classless move from a less than decent human being.

[cedivad]

Where is the "tomorrow" update?

[miter_myles]

Beside the hangover headache medicine I would assume..